HMRC updates brief on the VAT treatment of pension funds

Trustees Agenda posted on 20 November, 2017

HMRC has updated "Revenue & Customs Brief 3 (2017): VAT - treatment of pension fund management services", to reflect a change in policy concerning the VAT treatment of pension fund management services provided by regulated insurance companies.

As a result of the Court of Justice of the European Union judgement in Card Protection Plan, this VAT exemption is to be discontinued from 1 April 2019.